America's WiMax Technology Gets $3.2bn Boost

08 May 2008

NEW YORK: An alliance of US cable providers, web firms and microchip-makers is to invest around $3.2 billion (€2.07bn; £1.6bn) in a company that will deliver ultrafast wireless internet service.

The Clearwire venture, which includes Comcast, Time Warner, Google, Intel and Sprint Nextel, will use the latter's WiMax technology to build a network that will provide mobile web access to up to 140 million US customers.

Data sourced from Wall Street Journal Online; additional content by WARC staff